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Real estate sector surges at market open, Zhongzhou Holdings hits limit up
The real estate sector initially surged at the opening, with Zhongzhou Holdings hitting the daily limit. China Energy Investment, China Fortune Land Development, Wo Ai Wo Jia, Beichen Industrial, and Shilianxing also rose along with them. Regarding related ETFs, the Financial Real Estate ETF (159940) increased by 0.65% with a trading volume of 198,900 yuan, and the Financial ETF (159931) rose by 0.69% with a trading volume of 111,200 yuan. On the news front, Shanghai has adjusted the minimum down payment for commercial properties (including “commercial-residential mixed-use properties”) to no less than 30%.